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Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Friday
May172019

OFAC adds Russians, Chechen group to Magnitsky sanctions list

The U.S. Treasury Department's Office of Foreign Assets Control Thursday imposed sanctions on five individuals, including at least three Russians, and on a Chechen group for extra-judicial killings and torturing LGBT individuals.

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Thursday
May162019

Hong Kong charges ex-JPMorgan banker in ‘princeling’ bribery case

Catherine Leung Kar-cheung (image courtesy of MizMaa Ventures)Hong Kong’s anti-corruption agency said Thursday it has charged JPMorgan’s former Asia investment banking vice chair with two counts of bribery for trying to hire the son of an IPO client.

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Thursday
May162019

UK approach to policing fraud is appalling

The BBC is reporting that victims of fraud are not receiving the support from law enforcement that they warrant. Some police forces are even (apparently) actively seeking reasons to drop investigations into fraud. This all comes as no surprise, as I have mentioned the sorry state of fraud investigation in the UK on several occasions.

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Wednesday
May152019

Whistleblower protection protocols are now a key element of FCPA compliance

As whistleblower protection continues to grow as an important part of the compliance landscape worldwide, companies should be prepared for the inevitable increase in incidents requiring investigation. This includes allegations of corruption and bribery, which can present significant challenges when raised through internal whistleblower channels.

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Tuesday
May142019

World Bank debars Chinese electric power company

The World Bank debarred a Chinese electric power technology company Tuesday for fifteen months for "fraudulent practices" involving a project in West Africa.

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Tuesday
May142019

Hawaii businessman jailed for FCPA conspiracy

A Hawaii-based businessman who admitted bribing officials from Micronesia was sentenced Monday to 30 months in prison.

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Tuesday
May142019

GDPR Enforcement Report (May 2019)

It has been almost a year since the EU’s General Data Protection Regulation, Regulation (EU) 2016/679 came into effect on May 25, 2018, and we are starting to see the first emerging patterns of GDPR enforcement.

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Monday
May132019

Resource Alert: Chinese translation of new DOJ guidance for evaluating compliance programs

Covington & Burling has translated into Chinese the DOJ's April 2019 Guidance Document for the Evaluation of Corporate Compliance Programs.

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Monday
May132019

Avoiding the fraud trap when buying distressed assets

A $40 billion bad loan problem eventually led to India's 2018 enactment of legislation completely overhauling the bankruptcy mechanism. The new Insolvency and Bankruptcy Code has had a significant impact on the debt resolution process. It has also produced an unlikely result -- the discovery of widespread corporate fraud.

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Friday
May102019

Telefônica Brasil resolves ‘World Cup hospitality’ FCPA offenses

The SEC Thursday fined Telefônica Brasil S.A. $4.125 million for providing soccer tickets and hospitality to government officials who could help the company's business.

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Thursday
May092019

CFTC wants more virtual currency whistleblowers

The Whistleblower Office of the Commodity Futures Trading Commission issued an alert Thursday asking for help from whistleblowers to stop fraud and manipulation involving virtual currencies.

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Thursday
May092019

South America: New four-country framework for sharing seized assets

At the end of last year four Latin American countries signed a multilateral framework agreement regarding the disposition of confiscated property resulting from crimes linked to transnational organized crime, significantly advancing the discourse on asset sharing. It signals the political willingness to develop international legal frameworks around asset sharing and the necessity of it.

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